Thanks, Ken I think your approach have <b>tremendous</b> potential in decision making. It very naturally integrates with many cycle stydies done on stock market. I totally see your point in using adjusted share prices, so that it provides more complete picture of actual returns. If you could describe or point me to your earlier posts that describe the methodology for choosing the stocks or ranking them, I would appreciate it. The results of your testing are very impressive, to say at least. Keep up good work. With great respect. Alfa